Two Sigma Securities LLC grew its position in Lloyds Banking Group plc (NYSE:LYG - Free Report) by 221.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 276,209 shares of the financial services provider's stock after purchasing an additional 190,159 shares during the period. Two Sigma Securities LLC's holdings in Lloyds Banking Group were worth $751,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the company. Crux Wealth Advisors purchased a new position in shares of Lloyds Banking Group in the 4th quarter worth approximately $28,000. Brentview Investment Management LLC bought a new position in Lloyds Banking Group in the 4th quarter valued at $31,000. Mesirow Financial Investment Management Inc. purchased a new stake in shares of Lloyds Banking Group during the 4th quarter valued at $32,000. SBI Securities Co. Ltd. bought a new stake in shares of Lloyds Banking Group during the 4th quarter worth $34,000. Finally, Jackson Thornton Wealth Management LLC purchased a new position in shares of Lloyds Banking Group in the 4th quarter worth about $34,000. 2.15% of the stock is owned by institutional investors.
Lloyds Banking Group Trading Down 3.9 %
Shares of NYSE LYG traded down $0.16 during midday trading on Thursday, hitting $3.80. 22,413,315 shares of the company's stock were exchanged, compared to its average volume of 16,310,161. The business's fifty day moving average price is $3.72 and its two-hundred day moving average price is $3.17. The company has a market cap of $57.42 billion, a price-to-earnings ratio of 11.47 and a beta of 0.95. Lloyds Banking Group plc has a 12-month low of $2.56 and a 12-month high of $4.00.
Lloyds Banking Group (NYSE:LYG - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The financial services provider reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.03). Lloyds Banking Group had a net margin of 11.45% and a return on equity of 8.46%. The firm had revenue of $9.46 billion for the quarter, compared to analysts' expectations of $4.76 billion. Equities analysts expect that Lloyds Banking Group plc will post 0.27 earnings per share for the current fiscal year.
Lloyds Banking Group Increases Dividend
The company also recently declared a semi-annual dividend, which will be paid on Friday, May 30th. Investors of record on Friday, April 11th will be paid a $0.1035 dividend. This represents a yield of 4%. This is a boost from Lloyds Banking Group's previous semi-annual dividend of $0.05. The ex-dividend date is Friday, April 11th. Lloyds Banking Group's dividend payout ratio is presently 60.61%.
Wall Street Analyst Weigh In
A number of research firms have issued reports on LYG. Keefe, Bruyette & Woods downgraded Lloyds Banking Group from an "outperform" rating to a "market perform" rating in a research report on Tuesday, March 11th. Morgan Stanley upgraded Lloyds Banking Group from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, March 4th. Hsbc Global Res upgraded shares of Lloyds Banking Group to a "strong-buy" rating in a research report on Thursday, March 20th. Finally, HSBC upgraded Lloyds Banking Group from a "hold" rating to a "buy" rating in a research note on Tuesday, April 1st. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Lloyds Banking Group presently has an average rating of "Moderate Buy".
Get Our Latest Research Report on LYG
About Lloyds Banking Group
(
Free Report)
Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers.
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